Automaker says profit hit will stem from inability to raise prices, flat Asia profits and costs from worldwide launch of almost two dozen vehicles
the GE Capital Mid-Market CFO Survey says the majority of Canadian companies that responded plan to continue hiring over next 12 months but European fiscal conditions and U.S. economy remain top concerns
Study conducted by the Canadian Institute of Chartered Accountants shows an increase in optimism for profit, revenue, hiring and overall economic performance.
Net income from April through June fell by $1-billion compared to 2011, dropped to $1.5-billion
Strong performance in North America helped it overcome troubles in Europe.
It was the company’s third straight year of profitability despite rising commodity costs and a big expansion in Asia.
Operating profits for Canadian corporations rose nine per cent to $71.4 billion in the fourth quarter
Asian sales helped fuel automaker’s quarterly growth